Birrmetrics
@birrmetrics
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Reporting on Ethiopia's growing private sector. Tracking trends in Ethiopia's business, economic landscape. Digital Media Co. Email: [email protected]
Addis Ababa, Ethiopia
Joined December 2020
New from Birrmetrics Magazine What’s really powering Ethiopia’s future? From dams that could shake regional power, to hidden opportunities in green hydrogen, crypto mining, e-mobility, & soaring tariffs—this edition uncovers it all. Read/Download now: https://t.co/0LMhDWCY6I
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MEET THE CEO: In an interview with Birrmetrics, Wolde Bulto, President of Gadaa Bank, said capital-driven forced mergers overlook strategy and may deter investment. He noted NPLs strain new banks but said Gadaa Bank has built resilience. Read More: https://t.co/qLy26lM9ha
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Ethiopia will add 54 fast-charging stations in Addis Ababa, lifting public EV charging points above 150. Ethio Telecom and MoTL continue nationwide expansion as EV numbers approach 100,000. Read More: https://t.co/G17DDBudcY
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Hibret Bank reported 749.04 million birr pre-tax profit for 2024/25, down 76 percent, after incurring 3.76 billion birr FX losses and a 57.61 percent rise in operating expenses this period. Read More: https://t.co/LVcdvclcHR
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Ethiopia introduced mandatory pre-export certification for 13 import categories. Four international inspectors will verify compliance at origin, with notable attention to renewable energy equipment under the new Trade Ministry directive. Read More: https://t.co/4fiwALxL44
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The IMF reached a staff-level deal on Ethiopia’s fourth ECF review, clearing a path for a 261 million dollar disbursement, pending approval by IMF management and the Executive Board soon. Read More: https://t.co/RnyvRTWuzM
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Germany approves a 206 million euro support package for Ethiopia for 2025–2027, including 106 million for projects and 100 million in budget support tied to reforms. Read More: https://t.co/BV8QpuuAPE
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Ethiopia makes VeriFayda 2 mandatory for new bank accounts, linking them to the national digital ID. Existing accounts must migrate by March 30, 2026, to improve verification and reduce fraud. Read More: https://t.co/thqCQWhYme
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Kifiya Financial Technology has disbursed over 55 billion birr in uncollateralised loans to 800,000+ borrowers using its AI-driven Qena platform, including 2.3 billion birr to smallholder farmers. Read More: https://t.co/AvOaThVTUQ
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Ethiopia raised petrol, diesel and kerosene prices to 129.12 birr per litre, up 6.6 birr from May. The change follows a routine review of import costs, the Trade Ministry said. Read More: https://t.co/lLo3o37yNB
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Ethiopia’s Federal High Court sentenced former Disaster Risk Management Commissioner Mitiku Kassa to 13 years for corruption involving diverted aid supplies worth over 472.8 million Birr. His family members also received prison terms. Read More: https://t.co/vTqPeQRQ12
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Ethiopia plans a regional payment gateway by 2026, announced Vice Governor Solomon Desta at EDPC. EthSwitch CEO Yilebes Addis confirmed foundations for cross-border payments and regional connectivity. Read More: https://t.co/CQm9KhxyaR
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Ethiopia will inaugurate the Ethiopian Institute of Certified Public Accountants on 11 December 2025 in Addis Ababa, with government bodies, regulators and international partners attending to outline its mandate and priorities. Read More: https://t.co/Xuo07AdqCn
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Ethiopian Airlines will start passenger flights to Jizan on 1 February 2026, adding its fifth Saudi destination. The route will operate four times weekly as part of its Middle East network expansion. Read More: https://t.co/74lkHVssuP
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EthSwitch launched EthioPay, Ethiopia’s instant payment system, at the second Digital Payment Conference. It links banks, fintechs, and mobile operators for real-time transfers and merchant, bill, and government payments Read More: https://t.co/f6AhfJUkMk
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NBE released its draft Digital Payments Strategy 2026–2030, targeting growth from 82% to 750% of GDP. It outlines inclusion goals, upgraded infrastructure, fraud-control standards, and expanded digital financial services. Read More: https://t.co/cSKyC3FrjW
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Ethiopia and Nigeria signed a Gas-by-Rail pact with Insight Dynamic Resources to develop a 73,500-km freight corridor across 40 countries. The plan includes turbines, hydrogen supply, digital rail systems, and major logistics capacity. Read More: https://t.co/PzcsO3Czml
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Ethiopia is attending OECPR-7 in Nairobi, led by Environment Protection Authority chief Lelise Neme. The five-day meeting prepares resolutions for UNEA-7 and reviews regional and global environmental policy frameworks. Read More: https://t.co/gBhzs3Tjp4
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Exports rose to 8.3 billion US dollars since joining BRICS in 2024. Trade with China, India, and Russia increased. UNCTAD reports a 500 billion US dollars intra-BRICS trade gap. Read full story: https://t.co/xfw26sm3LI
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Sidama Bank reported 126.9m birr pre-tax profit for 2024/25, up 91%. Revenue reached 597.5m birr, deposits climbed to 3.67bn birr and assets rose to 5.51bn birr. Read More: https://t.co/0RZu5j5lWp
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Gold and silver rose in November, lifting the World Bank precious metals index by 3.1%. Silver hit multi-year highs on strong industrial demand, while base and energy markets showed mixed movements. Read More: https://t.co/grUXvJ4qaP
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